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Suraj Cotton Mills fiscal Q2 profit falls YOY

4914974 said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 4.48 Pakistani rupees per share, a decrease of 25.0% from 5.98 rupees per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 143.0 million rupees, a decrease of 24.9% from 190.5 million rupees in the prior-year period.

The normalized profit margin fell to 6.1% from 7.7% in the year-earlier period.

Total revenue declined 5.8% on an annual basis to 2.33 billion rupees from 2.47 billion rupees, and total operating expenses declined from the prior-year period to 2.08 billion rupees from 2.14 billion rupees.

Reported net income decreased 25.8% year over year to 198.2 million rupees, or 6.21 rupees per share, from 267.1 million rupees, or 8.38 rupees per share.

s of Feb. 27, US$1 was equivalent to 101.83 Pakistani rupees.Suraj Cotton Mills Ltd

4914974 said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was 4.48 Pakistani rupees per share, a decrease of 25.0% from 5.98 rupees per share in the year-earlier period.